Flotek Industries Inc (N:FTK)

Sector:  Basic Materials Industry:  Specialty Chemicals
 
See Regulatory Filings on SEC
Company Contact
Address: 5775 N. Sam Houston Parkway W.
Suite 400
HOUSTON TX 77086
Tel: N/A
Website: https://www.flotekind.com
IR: See website
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Key People
Ryan Gillis Ezell
President, Chief Executive Officer, Director
J. Bond Clement
Chief Financial Officer
Amy Blakeway
Senior Vice President, General Counsel
Nathan Snoke
Senior Vice President- Global Business Lines
Shane Wise
Senior Vice President- Operations
Andrea Berry
Vice President- People Operations
Tom Redlinger
Vice President
   
Business Overview
Flotek Industries, Inc. is a technology-driven, specialty green chemistry and data company. The Company's segments include Chemistry Technologies and Data Analytics. The Company's Chemistry Technologies segment designs, develops, manufactures, packages and distributes green, specialty chemicals that help customers improve their return on invested capital, lower operational costs and realize tangible environmental benefits aimed at enhancing the profitability of hydrocarbon producers. The Company's Data Analytics segment provides analytics associated with their hydrocarbon streams in seconds rather than minutes or days. The real-time access to information prevents waste, reduces reprocessing and allows users to pursue automation of their hydrocarbon streams to increase their profitability. It helps customers across industrial and commercial markets improve their environmental performance. It serves specialty chemistry needs for both domestic and international energy markets.
Financial Overview
For the fiscal year ended 31 December 2023, Flotek Industries Inc revenues increased 38% to $188.1M. Net income totaled $24.7M vs. loss of $42.3M. Revenues reflect Chemistry Technologies segment increase of 38% to $179.9M, Data Analytics segment increase of 48% to $8.1M, United States segment increase of 45% to $180.3M. Net Income reflects Chemistry Technologies segment income totaling $39M vs. loss of $14.7M.
Employees: 146 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $108.68M as of Mar 31, 2024
Annual revenue (TTM): $188.06M as of Mar 31, 2024
EBITDA (TTM): $23.85M as of Mar 31, 2024
Net annual income (TTM): $24.71M as of Mar 31, 2024
Free cash flow (TTM): -$12.38M as of Mar 31, 2024
Net Debt Last Fiscal Year: $1.90M as of Mar 31, 2024
Shares outstanding: 29,661,130 as of Apr 8, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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